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RMO No. 45-2025: Modification of Alphanumeric Tax Code (ATC) of Selected Revenue Source under Republic Act (R.A.) No. 12214 (Capital Markets Efficiency Promotion Act)

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Summary

RMO No. 45-2025 modifies the Alphanumeric Tax Code (ATC) for interest on foreign currency deposits under RA No. 12214 (Capital Markets Efficiency Promotion Act).

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Key points

  1. Modified ATC. ATCs WI170 and WC170 cover interest on foreign currency deposits of resident individuals and resident corporations. The rate changes from 15% to 20%.
  2. Legal basis and forms. The legal basis is R.A. No. 12214 and RR No. 21-2025. The BIR forms shown are 1602Q and 2306.

Who is affected

  • Resident individuals and resident corporations with foreign currency deposits

Deadlines and effectivity

  • Issued October 20, 2025

Summary by Tax Resources PH. It is not a substitute for the full text of the issuance or professional advice.

Related issuances (1)

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CitesRR No. 21-2025

Copies of BIR issuances are hosted here for reference. For the official version, check bir.gov.ph. Summaries by Tax Resources PH are not a substitute for the full text or professional advice.